Just as share consolidation happens when outstandi
Post# of 1088
The economic boom of past 100 years was fueled by continuous emergence of new technology and new innovative products amid strong demands from the world's "have nots", but those "have nots" not only are well-fed and well dressed, they have become sellers, vying with the world's biggest economy.
Big economic cycle enveloping small economic cycles is the law of the Universe, the 100 year economic boom will not go on forever and could be coming to an end and another prolonged economic depression may be inevitable. Amid global economic and technological saturation and trade war, aggravated by the Pandemic, the world is basically in an economic depression and in an economic slump, the only economic stimulus is printing money which is inflationary and we are living in the similar situation as in the 1930's but with less severity and austerity because in the 1930's there were limited number of primitive industries supported by global population or customers of only 2 billion, now there are astronomical number of industries and economic sectors amid global population or customers of 7.8 billion. Diversification is the key for security and stability and the world economies are being supported by nearly 4 times the population as in the 1930's. But with astronomical amount of currency dilution chasing limited and finite natural resources amid increasing demands from astronomical number of industries, do expect sustainable and skyrocketing commodities prices in the years ahead.
Gold, the first financial commodity ever traded in the human history will be the last financial security and safe haven the world will be seeking for.